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Partnership Firm Registration in Bangalore

Smartcorp facilitates affordable and efficient Partnership firm registration in Bangalore across various Bangalore locations like Silk Board, Shanthinagar, Domlur, and Yeshwanthpur. To start a Partnership firm, a minimum of two members is required, as per the Partnership Act 1932. There's no specified limit on partners, but the Companies Act 1956 sets boundaries: above ten for banking businesses and above twenty for others.

Online Partnership firm registration in Bangalore is crucial to ensure legality. A partnership deed outlining profit-sharing details is fundamental for the firm's foundation. The motive to gain profits is pivotal in driving the firm’s operations.

Partners in a Partnership firm hold unlimited liability, jointly and individually responsible for all firm activities and debts. Personal assets of partners can be used to clear company debts. If one partner settles a debt, they can claim shares from other partners according to the partnership agreement.

Steps involved in Partnership Firm Registration

  • Step 1: Select a name for your partnership firm.
  • Step 2: Create a Partnership Deed outlining the terms for partnership firm registration online in Bangalore.
  • Step 3: Obtain a Pan Card in the firm's name.
  • Step 4: Apply for incorporation.
  • Step 5: Provide necessary documents.
  • Step 6: Pay the fees and stamp duties.
  • Step 7: Review and finalize the Deed.
  • Step 8: Obtain certification from the Registrar.

Documents Required for Partnership Firm Registration

Partnership Deed

This document outlines the firm's and partners' responsibilities, ensuring clarity on shares and liabilities to avoid future disputes.

Partner Documents

Partners should provide their PAN card and Address Proof for verification.

Premises Address Proof

Proof of the premises can include a rent agreement or any utility bill are necessary for partnership firm registration in Bangalore.

Additional Documents Required

Additional documents such as the organization's deed, along with ID and address proof of the firm, are necessary.